New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-08-06
RAILROAD INTERESTS.
TROUBLES OF II. $. IVES & CO.

ufs CREDITORS PREPARING TO TAKE CHANGE OF
THE CINCINNATI, HAMILTON AND DAYTON.
The meeting of the Dayton, Fort Wayne and Chi
caeo Railroad Company a. Cincinnati yesterday was
adjourned without definite action on the proposed
lease TO the Cincinnati Hamilton and Dayton on the
new issue Of bonds. Both companies are noihihahy
controlled by Henry s. Ives and his friends, ana the
purpose of this meeting was and that oi the Cncha"
and Dayton Company to-day VIII DC 10 fa'hy ioaso
and an issue OF S5,5O0,O00 BONDS by the leastd
comnany from which it was hoped that Mr. Ives
voud obtain means to relieve some OF his creditors.
The adjournment Of the meeting was III Consequence
not of The reported formation oil syndcate 10 puS
the cnntrol from the ostensble owners but was quo
simply to efforts the part Of the creditors oil H. D.
ives a. CO. to take legal possession OF their properly
Tho bull of the Cincinnati, Hamilton ana Day ton
stock is undoubtedly held In this city by creditors OF
tho firm. The loans have not been pald ana ,he
stock not marketable chiefly On aoeoni' vi 70
universal lack Of conference In the Pescht naua
ment A lart Of tho STOCK j. heid IN cnciiia.i,
however, either by cIe4toIr OF te,Oh9 ae,sn, Of
pride the property Iho actna h ana "
tho roal Is now the question on whlcn tnu re ~
stockholders and the iOt dic, csnse in the
management undoubtedly, but Cincinnati wants INC
presidency now occupied by 0yGSo soe,i names
yet is unable TO fix on candidate hus The
were mentioned in dispatches yesterday, ps. VIZ
hight man evidently had net bceh iomhu es6n ~ are
the western interest. The Ncw.iork ele' sIa'i
wiling that the presidency should 20 70 80 rHc,
man. IL Is understood but the, insist ts ~. r1 nt
The rubshcd rinors that Alfred Sully was AT .no
hood ~ sVudicaie which pfppOscu W w -
loans OF Henry ;. Ives co. ana th. ,, ion
possession Of the company have no gooa "a
Wr su Iy denied them with great positvcne-s ~ =,
well understood that Austin COrbih anu n's "a ~,
GRO creditors OF Mr. Ives on account OF thc s.ie %
.bo Davton and IrOnton Railroad, when rev Mc.hs
400 was made part Of the new Dayton IOrI NaSn11
I'D chicago Tho amount OF their interest j stay.
az obout 1900. 0OO and Alfred suhy alproaciIe,;,
ccrton LARGO CAPITALISTS with plan TO buy con.IOI VI
the Cincinnati Hamilton and DAYTON ior rne Thomss
az rrotecting this interest Genera S'Inuos A.,
~ rIeyo,trd 10 have replied 20 tho suggeSlOh III
eroct tbnt the creditors Of Mr.. Ives must ,ae
~ ,hen,seIvcs without his assistance ana inc noso"
errdicaie promptly fell 20 tho ground ,.,,o..o,
rrhe New-YorI creditors OF whom Mhtan ~ 80,
Norran e Co. are said 10 be the arrest AZ, ~
renrescntcl In Cincinnati ana Chls'opn'II =; s,sc
I ha. ,,rnshcd money for the Ives pool !, Mso
,hcro IL Is believed that they arc eneagcp w e.
ints,er,ng on the estate Of the present manlgcc,.
nh as In many other similar cases are surTon"ucs y
ni.h Great dIGlcuties although the inal iest y i
,Ieiv 10 10 affected by those Obstacles ~ ~,
re,ed bv Henry $: fvcs & CO. on thor houiiss ~.
~, IJamllton and Dayton stock are cStlnnie
at one 10 two million dollars to whlch mus, Nv ,or
sha money and stock given TO HoDcn o arIsu Ia
Ne nrtion of buying control OF the Bh"lp ~ @uo
OF I,aIlroad This was something over F.-'ouv1,,
,norc ana the question ~ the 0wnrrshp II pIonsnJ
q, 10 left 10 the courts At any ra'e Irr a,, ~
Garrett refused 10 surrender the dpo.iL suit n
o., rnrore and the firm served notice OF SUI ., W.
ornrci rcstituiion The losses In other mrcV n
cn aid o no heavy ana the direct losses OF w
orc estjmatcA ~ -c~sOns familiar Win IT. oI''i"
tat about IS 100000. , ,,.. =, N.rr York
c1xctNvaTr Aug 5-ChristnpNer Never OF nc"
be Iaree,t individual stockholder IN the =
IIor,lton and DAYTON railroad COMPANY - hnnorI a.,
that Tomorrow President f'ayrer WI
resign and that a Cincinnati man VIII DO ehoss" :" ~"